Oil price for Azeri Light grade exceeded 72 dollars

The price of Azerbaijani Azeri Light crude oil on a CIF basis at the Italian port of Augusta rose by 1.06 US dollars, or 1.5%, compared to the previous figure and reached 72.20 US dollars per barrel.

Trend was informed about this by a source in the oil market.

It is noted that the price of Azerbaijani Azeri Light crude oil on an FOB basis at the Turkish port of Ceyhan rose by 1.13 US dollars, or 1.6%, and reached 69.78 US dollars per barrel.

The price of URALS crude oil increased by 1.5 US dollars, or 2.6%, compared to the previous figure and reached 41.68 US dollars per barrel.

As a reminder, the oil price in Azerbaijan's state budget for this year is set at $65.